Board adopts 2025 state assessed roll and private railroad‑car assessments; private railroad car tax rate set at 1.151%

What the board did: At its July 29 meeting in Sacramento the State Board of Equalization adopted the 2025 state assessed property role — the allocation of unitary values to counties after staff adjustments and prior board actions — and separately adopted the 2025 private railroad‑car assessment roll. The adopted state assessed role totals roughly $164 billion in assessed value.

Private railroad car tax rate: Staff reported the private railroad car tax rate for 2025 as 1.151% (down from 1.153% the prior year). The rate is computed annually under Revenue & Taxation Code section 11,403 and is used to calculate each private railroad car taxpayer’s tax liability.

Roll adoption votes: Both the private railroad‑car roll and the statewide allocation of state‑assessed values were adopted by recorded roll calls. The private railroad‑car roll and the state assessed roll each passed unanimously in the public roll calls recorded during the meeting.

Why it matters: The state assessed roll and private railroad car bills provide the assessments that counties use to prepare property tax bills and remittances to the state general fund; errors in the roll were corrected by staff during the meeting in three instances after assessors identified calculation mistakes.

Key staff and votes: Jack McCool, chief of the State Assessed Properties Division, and Pamela Denopoli, manager, presented the roll items. The private railroad car tax rate was presented for information; adoption of the private railroad car roll and the state assessed roll were acted on by motion and passed unanimously (chair and members recorded as voting “Aye”).